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Mirza International Extends Five-Day Winning Streak

The stock gained 27 percent in the last five trading sessions.



Sheets of processed leather sit stacked. (Photographer: Dhiraj Singh/Bloomberg)
Sheets of processed leather sit stacked. (Photographer: Dhiraj Singh/Bloomberg)

Leather manufacturer Mirza International Ltd. traded higher for the fifth consecutive session, gaining 27 percent over this period. The stock on Wednesday posted its highest intraday gain of 11 percent in the last five months.

Trading volumes stood at 9.5 times its previous 20-day moving average.

The stock rose 34 percent in the past month as compared to the 2.4 percent advance in the benchmark Sensex. All six analysts tracked by Bloomberg have a buy rating on the stock.